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Scoub,
>From the MSUSERS group:
Its not an expert but here's a handy zigzag formula that I got from
somewhere (maybe here, come to think of it); identifying waves. In
the typical impulse move (trending up or down) you'll typically see 3
trending waves and 2 reaction waves.
Per1:=Input("1st swing",1,50,5);
Per2:=Input("2nd swing",2,50,9);
Per3:=Input("3rd swing",3,50,15);
D:=Input("Decimal point",.001,100.0,1.0);
A:= If( Rally(), HIGH,
If( Reaction(), LOW,
If( Outside(), If( Ref(Rally(),-1), HIGH, LOW ),
If( Inside(),
If( Ref(Rally(),-1), Ref(HIGH,-1)-0.001, Ref(LOW,-1)+0.001 ), P
))));
S1:=Zig(A,(Per1*D),$);
S2:=Zig(A,(Per2*D),$);
S3:=Zig(A,(Per3*D),$);
S1;
S2;
S3;
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